Tuesday Market News: $ORX.V $DSM.V $QCC.C

SOMA Labs BOSS CO2

Orefinders ($ORX.V) has released a PEA which outlines an estimated 158% IRR  and a 7 month payback on the South Zone open pit of the Mirado Gold Mine located to the southeast of Kirkland Lake, Ontario, within the popular gold producing Abitibi greenstone belt. The PEA considers only around 5% of the project, publishing a pretax undiscounted net present value (NPV) of $30.8-million and a $20.5-million after-tax NPV at a 5-per-cent discount rate. The mine life is currently only 3 years, but the … [Read more...]